Under the modified accelerated cost recovery system (MACRS), depreciable nonresidential real property placed into service after May 12, 1993, is generally subject to a 39year cost recovery period, using the straight-line method and midmonth convention [IRC section 168(c)].

It organizes depreciable hospital assets into nine tables according to common general ledger categories, then lists the assets in alphabetical order with their estimated useful lives and the number of the table in which they are located.

Thus, for a taxpayer having an applicable financial statement, even though the unit of property's economic useful life is determined based on the depreciable life reflected on that financial statement, if the period over which the asset is expected to be economically useful to the taxpayer is longer, that longer period will be the measure for whether that property's useful life has been "substantially prolonged.

American companies plan to increas e their investment spending slightly this year, according to a Government survey of 30,000 businesses on their spending plans for depreciable capital assets like buildings, structures, machinery and other equipment.

Whether a subscription list is a depreciable asset may seem an arcane subject to those who labor in the news, advertising and production departments, but this is an issue that goes to the heart of newspaper economics.

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